The Asia Pacific Potash Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 42,105.5 kilo tonnes, showcasing a growth of 4.8% (2019-2022).
The broadcasting method is used to apply solid potash fertilizers, while the foliar and fertigation methods are used to provide liquid potash. Because potash fertilizers can boost crop output and productivity and enhance nutrient value and water retention, they are widely used in palm oil, rice, fruits, vegetables, sugar, soybeans, and cotton. As one of their primary functions, potash fertilizers are also frequently used to aid the soil to enhance food crops' flavour, colour, and texture.
In addition, the considerable tendency in population increase predicts a rise in food demand, which would, in turn, fuel demand for potash for the manufacture of fertilizers. Additionally, the rising consumption of cattle feed, increasing awareness of health among consumers driven by busy lifestyles that demand healthy food consumption, and the usage of potash fertilizers in the soil to enhance the colour, texture, and flavour of food crops are all predicted to contribute to the growth of the market positively.
Because potash contains soluble potassium, it is a great addition to fertilizer for farming. It enhances plant health, disease resistance, root strength, and yield rates to guarantee appropriate maturation. Additionally, potash improves food's colour, texture, and flavour to produce a superior end product. Animal feed is yet another application for potash (potassium carbonate) in agriculture. Supplemental potash is added to the feed to increase the amount of nutrients, encouraging healthy animal growth.
There is an increasing need for advanced agricultural technologies to maintain the best crop production and quality to meet the nation's expanding food demand. Greater demand for modern farm technologies is being driven by the Indian government's rising investment in research & development programs to support agricultural scientific advancements. Since potash contains soluble potassium, it is an excellent addition to fertilizer used in agriculture. This expanding agricultural sector, especially precision farming, is projected to promote the regional expansion of the market. It enhances plant health, disease resistance, root strength, and yield rates to guarantee appropriate maturation.
The China market dominated the Asia Pacific Potash Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.7 billion by 2030. The India market is poised to grow at a CAGR of 5.5% during (2023 - 2030). Additionally, The Thailand market would witness a CAGR of 6.3% during (2023 - 2030).
Based on Product, the market is segmented into Potassium Chloride, Potassium Nitrate, Potassium Sulphate, and Others. Based on End-use, the market is segmented into Agriculture and Non-Agriculture. Based on countries, the market is segmented into China, India, Thailand, Japan, South Korea, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Potash Market is Projected to reach USD 82.6 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Mosaic Company, Rio Tinto PLC, Compass Minerals International, Inc., Nutrien Limited, western nutrients corporation, Yara International ASA, BHP Group Limited, Encanto Potash Corp., Red Metal Ltd., and Intrepid Potash Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Potassium Chloride
- Potassium Nitrate
- Potassium Sulphate
- Others
By End User (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Agriculture
- Non-Agriculture
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- China
- India
- Thailand
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Mosaic Company
- Rio Tinto PLC
- Compass Minerals International, Inc.
- Nutrien Limited
- Western nutrients corporation
- Yara International ASA
- BHP Group Limited
- Encanto Potash Corp.
- Red Metal Ltd.
- Intrepid Potash Inc.
TABLE 1 Asia Pacific Potash Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Potash Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Potash Market by Product, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Potash Market by Product, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Potassium Chloride Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Potassium Chloride Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Potassium Chloride Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Potassium Chloride Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Potassium Nitrate Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Potassium Nitrate Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Potassium Nitrate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Potassium Nitrate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Potassium Sulphate Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Potassium Sulphate Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Potassium Sulphate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Potassium Sulphate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Potash Market by End-use, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Potash Market by End-use, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Non-Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Non-Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Non-Agriculture Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Non-Agriculture Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Potash Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Potash Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Potash Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Potash Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 China Potash Market, 2019 - 2022, USD Million
TABLE 42 China Potash Market, 2023 - 2030, USD Million
TABLE 43 China Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 44 China Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 45 China Potash Market by Product, 2019 - 2022, USD Million
TABLE 46 China Potash Market by Product, 2023 - 2030, USD Million
TABLE 47 China Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 48 China Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 49 China Potash Market by End-use, 2019 - 2022, USD Million
TABLE 50 China Potash Market by End-use, 2023 - 2030, USD Million
TABLE 51 China Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 52 China Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 53 India Potash Market, 2019 - 2022, USD Million
TABLE 54 India Potash Market, 2023 - 2030, USD Million
TABLE 55 India Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 56 India Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 57 India Potash Market by Product, 2019 - 2022, USD Million
TABLE 58 India Potash Market by Product, 2023 - 2030, USD Million
TABLE 59 India Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 60 India Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 61 India Potash Market by End-use, 2019 - 2022, USD Million
TABLE 62 India Potash Market by End-use, 2023 - 2030, USD Million
TABLE 63 India Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 India Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 Thailand Potash Market, 2019 - 2022, USD Million
TABLE 66 Thailand Potash Market, 2023 - 2030, USD Million
TABLE 67 Thailand Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Thailand Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Thailand Potash Market by Product, 2019 - 2022, USD Million
TABLE 70 Thailand Potash Market by Product, 2023 - 2030, USD Million
TABLE 71 Thailand Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 72 Thailand Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 73 Thailand Potash Market by End-use, 2019 - 2022, USD Million
TABLE 74 Thailand Potash Market by End-use, 2023 - 2030, USD Million
TABLE 75 Thailand Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Thailand Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Potash Market, 2019 - 2022, USD Million
TABLE 78 Japan Potash Market, 2023 - 2030, USD Million
TABLE 79 Japan Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Potash Market by Product, 2019 - 2022, USD Million
TABLE 82 Japan Potash Market by Product, 2023 - 2030, USD Million
TABLE 83 Japan Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Potash Market by End-use, 2019 - 2022, USD Million
TABLE 86 Japan Potash Market by End-use, 2023 - 2030, USD Million
TABLE 87 Japan Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 South Korea Potash Market, 2019 - 2022, USD Million
TABLE 90 South Korea Potash Market, 2023 - 2030, USD Million
TABLE 91 South Korea Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 92 South Korea Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 93 South Korea Potash Market by Product, 2019 - 2022, USD Million
TABLE 94 South Korea Potash Market by Product, 2023 - 2030, USD Million
TABLE 95 South Korea Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 96 South Korea Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 97 South Korea Potash Market by End-use, 2019 - 2022, USD Million
TABLE 98 South Korea Potash Market by End-use, 2023 - 2030, USD Million
TABLE 99 South Korea Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 100 South Korea Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 101 Australia Potash Market, 2019 - 2022, USD Million
TABLE 102 Australia Potash Market, 2023 - 2030, USD Million
TABLE 103 Australia Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 104 Australia Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 105 Australia Potash Market by Product, 2019 - 2022, USD Million
TABLE 106 Australia Potash Market by Product, 2023 - 2030, USD Million
TABLE 107 Australia Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 108 Australia Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 109 Australia Potash Market by End-use, 2019 - 2022, USD Million
TABLE 110 Australia Potash Market by End-use, 2023 - 2030, USD Million
TABLE 111 Australia Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 112 Australia Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of Asia Pacific Potash Market, 2019 - 2022, USD Million
TABLE 114 Rest of Asia Pacific Potash Market, 2023 - 2030, USD Million
TABLE 115 Rest of Asia Pacific Potash Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Rest of Asia Pacific Potash Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Rest of Asia Pacific Potash Market by Product, 2019 - 2022, USD Million
TABLE 118 Rest of Asia Pacific Potash Market by Product, 2023 - 2030, USD Million
TABLE 119 Rest of Asia Pacific Potash Market by Product, 2019 - 2022, Kilo Tonnes
TABLE 120 Rest of Asia Pacific Potash Market by Product, 2023 - 2030, Kilo Tonnes
TABLE 121 Rest of Asia Pacific Potash Market by End-use, 2019 - 2022, USD Million
TABLE 122 Rest of Asia Pacific Potash Market by End-use, 2023 - 2030, USD Million
TABLE 123 Rest of Asia Pacific Potash Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 124 Rest of Asia Pacific Potash Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 125 Key Information – The Mosaic Company
TABLE 126 key Information – Rio Tinto PLC
TABLE 127 Key Information – Compass Minerals International, Inc.
TABLE 128 Key Information – Nutrien Limited
TABLE 129 Key Information – Western Nutrients Corporation
TABLE 130 Key Information – Yara International ASA
TABLE 131 Key Information – BHP Group Limited
TABLE 132 Key Information – Encanto Potash Corp.
TABLE 133 Key Information – Intrepid Potash Inc,
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Potash Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Potash Market
FIG 4 Porter’s Five Forces Analysis – Potash Market
FIG 5 Asia Pacific Potash Market share by Product, 2022
FIG 6 Asia Pacific Potash Market share by Product, 2030
FIG 7 Asia Pacific Potash Market by Product, 2019 - 2030, USD Million
FIG 8 Asia Pacific Potash Market share by End-use, 2022
FIG 9 Asia Pacific Potash Market share by End-use, 2030
FIG 10 Asia Pacific Potash Market by End-use, 2019 - 2030, USD Million
FIG 11 Asia Pacific Potash Market share by Country, 2022
FIG 12 Asia Pacific Potash Market share by Country, 2030
FIG 13 Asia Pacific Potash Market by Country, 2019 - 2030, USD Million
FIG 14 Swot Analysis: The Mosaic Company
FIG 15 Swot Analysis: Rio Tinto PLC
FIG 16 Swot Analysis: Compass Minerals International, Inc.
FIG 17 Swot Analysis: Nutrien Limited
FIG 18 Swot Analysis: Western Nutrients Corporation
FIG 19 Swot Analysis: Yara International ASA
FIG 20 Swot Analysis: BHP Group Limited
FIG 21 Swot Analysis: Encanto Potash Corp.
FIG 22 Swot Analysis: Red Metal Limited
FIG 23 Swot Analysis: Intrepid Potash Inc.